South Africa ranked 54th in the 2026 IMD World Competitiveness Ranking, moving up 10 places and overtaking Kenya to become the most competitive economy in Africa
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IEA warns on plummeting oil stocks
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The Nedbank IMC is Africa’s biggest marketing conference
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Amazon results beat expectations after record holiday sales
Online retail giant Amazon on Thursday said sales jumped to a more-than-expected $170 billion in the last quarter of last year, after a record-beating holiday season. "This Q4 was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon," CEO Andy Jassy said in a statement.
IMF says central banks should not rush into rate cuts
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday. With inflation now falling in many of the world's advanced and emerging economies, attention has now turned to when they should start cutting rates to stimulate investment and economic growth.
Publicis settles opioid case with US states for $350 mn
Publicis Health will pay $350 million to settle charges from US states that its "predatory and deceptive marketing strategies" worsened the opioid epidemic, New York's top prosecutor said Thursday. Of the $350 million in the settlement, $343 million will go for payments to US states and territories and $7 million for legal feels, Publicis said.
Which dogs live the longest? Small ones with long noses
Small dogs with long noses, sucg as whippets and miniature dachshunds, live for years longer than large flat-faced breeds such as English bulldogs, new research said on Thursday.
'Labour is the party of business,' UK's Starmer tells corporate bigwigs
UK opposition leader Keir Starmer promised Britain's corporate community Thursday that his Labour party would better marshal the economy than the ruling Conservatives if elected. Sunak claims he has put Britain's economy back on track, including by halving inflation, and that Labour would take the UK "back to square one". pdh/phz/rox
Hundreds of farmers protest at Greek agriculture fair
Hundreds of Greek farmers on Thursday converged on the country's second city Thessaloniki to demand aid increases, as similar protests gather pace across Europe. Greek Prime Minister Kyriakos Mitsotakis on Tuesday offered to speed up financial aid to farmers in a bid to stave off the protests.
Shares in banking giants BNP, ING fall despite hefty profits
Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took the shine off bumper annual profits. But BNP shares were down seven percent in afternoon deals on the Paris stock exchange as its fourth quarter earnings disappointed.
Farmers take protest to EU leaders
European farmers took their growing protest over low prices and the threat of competition from South American agri-food importers to Brussels on Thursday, clogging the streets with 1,300 tractors as EU leaders met for a summit. Farmers explained to AFP that was part of their calculation in taking their protest to Brussels.
Bank of England freezes rate as inflation stays high
The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve policy, as high inflation prevents cuts to borrowing costs. Across the Atlantic, the Federal Reserve on Wednesday indicated that while it was moving towards US rate cuts, they probably would not occur before May at the earliest.
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